Former transport minister Nguyen Van The faces disciplinary action for Thuan An Group-related violations
Vietnam's Central Inspection Committee has proposed disciplining Nguyen Van The, former Minister of Transport.
A Wednesday release from the committee says the Party leaders of the Ministry of Transport for the 2021-2026 term breached the principle of democratic centralism and working regulations, lacked responsibility, and showed loose leadership and direction.
The violations allowed the ministry and individuals to breach Party regulations and State laws in organizing and implementing bidding packages for projects executed by Thuan An Group.
Some ministerial officials and Party members violated Party regulations and State laws on preventing and combating corruption and waste, and breached rules on Party members’ code of conduct and responsibility to set a good example as leaders.
“The above violations caused serious consequences, risking a huge loss of money and State assets, causing bad public opinions and undermining the reputation of Party organizations and State management agencies to the point that disciplinary action must be taken,” the statement noted.
Personal responsibility for the above violations and shortcomings belongs to Nguyen Van The, former Minister of Transport; Le Dinh Tho, former Deputy Minister of Transport; and some other Party members, it stressed.
The committee also decided to expel Nguyen Quang Huy, director of the Project Management Board No. 4; and Vu Hai Tung, director of the Road Construction Investment Management Branch, from the Communist Party; and remove many others from all positions in the Party.
Many other people working for units under the ministry received warnings or were repremanded for their violations.
Thuan An Group, formerly known as Thuan An Trading and Construction Development JSC, was established on August 4, 2004. Headquartered at 141 Truong Chinh street, Hanoi, the company is a prominent name in the infrastructure construction market.
Forming partnerships with other units, Thuan An has won a series of large construction contracts across the country. It has bidded for 51 packages and won 39 of them with a total value of more than VND22.6 trillion ($890.8 million).
The Central Inspection Committee also reprimanded Pham Tan Cong, Party chief and president of the Vietnam Chamber of Commerce and Industry (VCCI) and its vice presidents Hoang Quang Phong, Vo Tan Thanh, and Bui Trung Nghia, among others in the chamber.
The committee proposed relevant authorities discipline Tran Van Ven, former Party chief and chairman of state-owned Southern Food Corporation (Vinafood II).
Ven was found to have degraded in political ideology, ethics, and lifestyle, and violated regulations on Party members’ code of conduct and responsibility to set a good example as leaders.
He violated Party regulations and State laws in performing assigned responsibilities and tasks in land management and use.
The violations “caused very serious consequences, upset public opinion, and adversely affected the reputation of Party organizations and State agencies where he worked for.”
In June 2023, Ven was arrested for further investigation into the crime of violating regulations on the management and use of State assets causing loss and waste related land.
Also on Wednesday, Prime Minister Pham Minh Chinh issued a warning to Tran Ngoc Cang, former Chairman of of Quang Ngai province, for violations related to a project implemented by Phuc Son Group.
- Read More
WB approves $750 mln loan to boost Philippines' digital transformation
The World Bank (WB) approved a loan of $750 million on Wednesday to help boost digital transformation in the Philippines.
Southeast Asia - Thu, November 14, 2024 | 10:12 pm GMT+7
Google forecasts Indonesia to become Southeast Asia’s largest digital economy
A new report by Google, Temasek, and Bain & Company projects that Indonesia's digital economy will reach a gross merchandise value (GMV) of $90 billion in 2024, an annual increase of 13% and the largest figure in Southeast Asia.
Southeast Asia - Thu, November 14, 2024 | 10:06 pm GMT+7
Sekisui Heim Group targets low-cost housing investment in Vietnam
Japan’s Sekisui Heim Group is looking to implement affordable and social housing projects in Vietnam, says Ryuji Saimon, a representative of the group’s subsidiary, Thai SCG Heim.
Real Estate - Thu, November 14, 2024 | 9:53 pm GMT+7
Vietnam’s resort town Da Lat to have $67 mln ESG realty complex
The One Destination has partnered with a Singapore investor and an institutional fund to build an ESG real estate complex in Vietnam’s famous resort town of Da Lat.
Real Estate - Thu, November 14, 2024 | 7:09 pm GMT+7
Vietnam prepares for 11-15% power supply growth in 2025: ministry
Vietnam expects its electricity supply to grow 11-15% in 2025, Minister of Industry and Trade Nguyen Hong Dien said Thursday, while asking relevant state agencies and power suppliers to make utmost preparations.
Energy - Thu, November 14, 2024 | 7:05 pm GMT+7
S Korea’s Kumho Tire to raise investment in Vietnam province to $908 mln
South Korea’s Kumho Tire will pour an additional $300 million into the southern province of Binh Duong as its third-phase investment, increasing the total amount to $908 million.
Industries - Thu, November 14, 2024 | 3:45 pm GMT+7
Central Vietnam hub Danang seeks investment for urban railway airport link
Da Nang is calling for investment in a major urban railway project that will connect the Danang International Airport with the central city’s famous My Khe Beach.
Infrastructure - Thu, November 14, 2024 | 2:21 pm GMT+7
HSBC provides first green trade facility in Vietnam’s seafood industry
HSBC Vietnam has entered an agreement to provide green trade financing to Vinh Hoan Corporation, marking the first ever green facility that the former has arranged for the latter and for the seafood sector.
Banking - Thu, November 14, 2024 | 2:11 pm GMT+7
Thailand’s Central Retail opens $17 mln mall in southern Vietnam
Thailand’s leading retailer Central Retail has launched its 41st Vietnam outlet, the GO! Bac Lieu mall, in the eponymous Mekong Delta province.
Industries - Thu, November 14, 2024 | 1:47 pm GMT+7
Taiwan cooling solution firm AVC to spend $18 mln on building factory in Vietnam
Asia Vital Components (AVC), a Taiwan-based cooling solution provider, will spend VND457.1 billion ($18 million) on building a second phase factory in Vietnam.
Industries - Thu, November 14, 2024 | 11:07 am GMT+7
Vietnam stock market likely to face valuation discounts during Trump’s presidency: analysts
Emerging markets, including Vietnam, may face valuation discounts during President-elect Donald Trump’s second term, say analysts at Vietnam-focused fund management company Dragon Capital.
Finance - Thu, November 14, 2024 | 10:26 am GMT+7
Viettel launches world's first O-RAN 5G network using Qualcomm chipset platforms
Viettel has announced the commercial launch of its Open RAN (O-RAN) 5G Network, featuring key equipment developed in-house, marking the world's first O-RAN 5G network utilizing Qualcomm Technologies' 5G RAN platforms.
Companies - Thu, November 14, 2024 | 9:52 am GMT+7
Malaysia commits to net zero emissions by 2050
Malaysia has committed to achieving net-zero greenhouse gas emissions by 2050, positioning itself as a responsible global player in the fight against climate change despite contributing just 0.8% of global emissions.
Southeast Asia - Thu, November 14, 2024 | 8:25 am GMT+7
Thailand eyes congestion charges to ease capital traffic
The Thai Ministry of Transport said on Tuesday that it is exploring the implementation of a congestion charge program to alleviate chronic traffic problems in the capital city of Bangkok, improve air quality and promote the use of public transportation.
Southeast Asia - Thu, November 14, 2024 | 8:24 am GMT+7
Indonesia, Japan agree to reduce greenhouse gas emission
Indonesia and Japan on Tuesday agreed to start implementing the Mutual Recognition Arrangement (MRA) for the implementation of bilateral carbon trading cooperation.
Southeast Asia - Thu, November 14, 2024 | 8:22 am GMT+7
Thailand remains world's fourth biggest exporter of pet food
Thailand remains the world’s fourth largest pet food exporter, tapping into a booming global market valued at over $280 billion.
Southeast Asia - Thu, November 14, 2024 | 8:20 am GMT+7